So. POL - people get it when they stake crypto at Kucoin. Also it can be bought at Kucoin.
Now I have drawn lines just before big volume spikes on POL. I have put the same vertical lines on the BTC chart.
Notice how the last two times... first was the run up to BTCs bull market. The second was Alt-season. Now we have a third.
So I'm not sure if the POL received from staking accounts for any volume in the pol-usdt market.
However, it's interesting to see them side by side I think.
This is speculative ofc, and in no way trading advise or investment advise. Just something of curiosity to me. That I wanted to journal.
Now I have drawn lines just before big volume spikes on POL. I have put the same vertical lines on the BTC chart.
Notice how the last two times... first was the run up to BTCs bull market. The second was Alt-season. Now we have a third.
So I'm not sure if the POL received from staking accounts for any volume in the pol-usdt market.
However, it's interesting to see them side by side I think.
This is speculative ofc, and in no way trading advise or investment advise. Just something of curiosity to me. That I wanted to journal.
Comment:
*when I said the last two times - I meant the first two lines. (in my mind the most recent line (3rd line) is the one that has yet to show us whether the pattern will repeat.
Comment:
(ignore the RSI in regards to this idea - I couldn't delete it without going back to one chart per screen and I couldn't be faffed to do so, so I made it as small as possible)